Schneider Sells German Asset to Vinci
05 Dicembre 2019 - 6:55PM
Dow Jones News
By Cristina Roca
Schneider Electric SE (SU.FR) said Thursday that Vinci Energies
has agreed to buy its Converse Energy Projects business.
The German company said Converse, which specializes in energy
distribution projects in Germany, will be sold to the Vinci
SA-owned company for an undisclosed sum.
The deal is in line with Schneider's plan to optimize its
portfolio and focus on its core energy-management and
industrial-automation activities, the company said.
The transaction should close in the coming weeks, Scheider
said.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
December 05, 2019 12:40 ET (17:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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